So much stuff, so little time. If there is anything good that came from all the distress in the world, Janet Yellen came to the conclusion the Fed can be patient when it comes to raising interest rates.
You know by now that nothing bad happens to the market when the BKX is up. Dow theorists will also tell you nothing bad happens when the Transports are up. So when both are up there’s no use fighting the tape.
Most of us in the West know, or should know, that all things being equal it is best for the Federal Reserve not to intervene in the economy. We prefer market forces to work. But of course all things are not equal.